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Difference in percentage rate of return of two investments
In finance, the yield spread or credit spread is the difference between the quoted rates of return on two different investments, usually of different
Yield_spread
Type of yield spread
Option-adjusted spread (OAS) is the yield spread which has to be added to a benchmark yield curve to discount a security's payments to match its market
Option-adjusted_spread
A yield spread premium (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower
Yield_spread_premium
Relationships among bond yields of different maturities
summarize the curve’s shape with a “term spread” such as the difference between the 10-year Treasury yield and the 3-month Treasury bill rate. Central
Yield_curve
Z bonds
The Z-spread, ZSPRD, zero-volatility spread, or yield curve spread of a bond is the parallel shift or spread over the zero-coupon Treasury yield curve
Z-spread
Rate of return of an investment
The yield to maturity (YTM), book yield or redemption yield of a fixed-interest security is an estimate of the total rate of return anticipated to be
Yield_to_maturity
Topics referred to by the same term
underlying assets Yield spread, difference in percentage rate of return of two instruments Z-spread, on mortgage backed securities Spread limit, a limit
Spread
Type of financial purchase on securities
Spread trades are usually executed with options or futures contracts as the legs, but other securities are sometimes used. They are executed to yield
Spread_trade
Topics referred to by the same term
Yield curve or Yield-curve spread usually refers to the relationships among bond yields of different maturities. Yield curve or Yield-curve spread may
Yield_curve_(disambiguation)
Phenomenon when shorter term bonds yield higher interest rates than longer term bonds
inverted yield curve is a yield curve in which short-term debt instruments (typically bonds) have a greater yield than longer term bonds. An inverted yield curve
Inverted_yield_curve
Bond and yield
The Interpolated Spread, I-spread or ISPRD of a bond is the difference between its yield to maturity and the linearly interpolated yield for the same maturity
I-spread
Bank that specializes in originating and/or servicing mortgage loans
other hand, earning the same yield spread premium, disclose the additional fee to the consumer because the yield spread premium becomes an additional
Mortgage_bank
Business cycle contraction
long-term spread: The spread between a shorter-term rate (like the three-month Treasury yield) and 10-year U.S. bond yields. The long-term Treasury yield spread
Recession
Financial institutions duration gap
the spread between interest rate sensitive assets and interest rate sensitive liabilities; see Corporate bond § Risk analysis and Yield spread § Yield spread
Duration_gap
converted to semi-annually compounded yield to maturity) and a conventional bond is called the "yield spread" or "I-spread." Choudhry, Moorad. Capital Market
Mortgage_yield
Energy released in nuclear weapons explosions
since smaller MIRV warheads, spread out over a pancake-shaped destructive area, are far more destructive for a given total yield, or unit of payload mass
Nuclear_weapon_yield
Risk that a borrower or counterparty fails to meet financial obligations
borrowing costs. Because of this, measures of borrowing costs such as yield spreads can be used to infer credit risk levels based on assessments by market
Credit_risk
Bond issued by a corporation
compensated for this risk by receiving a higher yield than government bonds. The difference in yield—called credit spread—reflects the higher probability of default
Corporate_bond
Arbitrage strategy
including storage costs interest rates, expected dividends (see Dividend yield), and time to maturity (see Bond). The concept is used in assessing arbitrage
Basis_trading
Economic theory
Alon (2016-08-01). "How much can illiquidity affect corporate debt yield spread?". Journal of Financial Stability. 25: 58–69. doi:10.1016/j.jfs.2016
Liquidity_premium
Replacement of one debt obligation with another under different terms
this case the broker receives a credit or what's called yield spread premium (YSP). Yield spread premiums are the cash that a mortgage company receives
Refinancing
Finance property of an asset
Raviv, Alon (2016). "How much can illiquidity affect corporate debt yield spread?". Journal of Financial Stability. 25: 58–69. doi:10.1016/j.jfs.2016
Market_liquidity
Type of financial instrument
usually exceed the par or issue price. In certain cases, mainly in the high-yield debt market, there can be a substantial call premium. Thus, the issuer has
Callable_bond
Bondholders are ready to pay for such protection by accepting a lower yield relative to that of a straight bond. Of course, if an issuer has a severe
Puttable_bond
Sovereign debt crisis faced by Greece (2009–2018)
of confidence in the Greek economy, indicated by a widening of bond yield spreads and rising cost of risk insurance on credit default swaps compared to
Greek_government-debt_crisis
Financial metric
Swap spreads are the difference between the yield on a government bond or sovereign debt security and the fixed component of a swap, both of which have
Swap_spread
Supranational central bank in Europe
Retrieved 30 May 2012. Greek/German bond yield spread more than 1,000 bps, Financialmirror.com, 28 April 2010 "Gilt yields rise amid UK debt concerns". Financial
European_Central_Bank
Date on which the final payment is due on a loan or other financial instrument
today the yields on ten-year maturities increased means the prices of bonds due to mature in ten years fell, and thus the redemption yield on those bonds
Maturity_(finance)
Intermediary who facilitates transactional use of debt tied to real estate
and serviced as opposed to sold/brokered. Brokers must also disclose Yield spread premium while Bankers do not. This has created an ambiguous and difficult
Mortgage_broker
Measure of a fixed-income instrument's sensitivity to interest rates
the yield definition (for example yield-to-worst or an option-adjusted yield), on the chosen duration, and ignores convexity, roll-down and spread changes
Duration_(finance)
Index intended to forecast economic activity
Credit Index, itself a composite index of six financial indicators, e.g. yield spreads and investor sentiment The Institute for Supply Management’s monthly
Conference Board Leading Economic Index
Conference_Board_Leading_Economic_Index
Overview of corporate finance and corporate finance-related topics
option-like rights within a host financial instrument Option-adjusted spread – Type of yield spread Management buy-in – Of a large interest in a company Public
Outline_of_corporate_finance
This led to a crisis of confidence, indicated by a widening of bond yield spreads and the cost of risk insurance on credit default swaps compared to the
Greek government-debt crisis countermeasures
Greek_government-debt_crisis_countermeasures
18 weekly data series that include seven interest rate series, six yield spreads and five other indicators to capture some element of financial stress:
St. Louis Fed Financial Stress Index
St._Louis_Fed_Financial_Stress_Index
Term in options trading
way corresponds to a long-box spread; done the other way it yields a short box-spread. The pay-off for the long box-spread will be the difference between
Box_spread
The roll yield is the difference between the profit or loss of a futures contract and the change in the spot price of the underlying asset of that futures
Roll_yield
1954 U.S. thermonuclear weapon test in the Marshall Islands
Castle Bravo was the first in a series of high-yield thermonuclear weapon design tests conducted by the United States at Bikini Atoll, Marshall Islands
Castle_Bravo
"Greek/German bond yield spread more than 1,000 bps". Reuters. Retrieved 19 July 2014. Oakley, David; Hope, Kerin (18 February 2010). "Gilt yields rise amid UK
History_of_Greece
Form of distribution marketing
chain by examining whether the internal liquidity risk effect on bond yield spreads becomes greater upwardly along the supply chain counterparties. This
Bullwhip_effect
minibond investors regard them as a deposit replacement product with higher yields and could not accept the possibility that their principal may not be recovered
Minibond
Topics referred to by the same term
Party of the Greens and the Left Future (YSP), a Turkish political party Yield spread premium, a cash rebate paid by a lender to a mortgage broker if the broker
YSP
Nuclear explosion with much less than expected yield
explosion (such as a nuclear weapon) grossly fails to meet its expected yield. The device still detonates, but the detonation is much weaker than anticipated
Fizzle_(nuclear_explosion)
Graduate School of Business (CKGSB), Professor of Finance. Corporate Yield Spreads and Bond Liquidity, with David Lesmond and Jason Wei, Journal of Finance
Chen_Long_(finance)
Type of trading strategy using options
provide a small upside protection as well. In general, bearish strategies yield profit with less risk of loss. Neutral strategies in options trading are
Options_strategy
the gross margin of non-financial companies. Net interest spread is expressed as interest yield on earning assets (any asset, such as a loan, that generates
Net_interest_spread
2011 austerity budget. 21 January 2010 – The Greek/German 10-year debt yield spread surpasses 300 basis points (the interest rate in Greece was 3% above
Greek government-debt crisis timeline
Greek_government-debt_crisis_timeline
Global financial crisis
relatively quick spread of bond market volatility across international borders, resulted in a mass sell-off of bonds and debt funds as yields rose beyond expectations
1994_bond_market_crisis
Curve representing a material's response to applied forces
forms bands at the upper yield strength and these bands carrying with deformation spread along the sample at the lower yield strength. After the sample
Stress–strain_curve
short-term coupon bearing notes, which are designed to provide an enhanced yield while maintaining certain equity-like risks. Their investment value is derived
Reverse convertible securities
Reverse_convertible_securities
Operational business strategy
the airline. Yield management spread to other travel and transportation companies in the early 1990s. Notable was implementation of yield management at
Yield_management
Fair price of a bond
benchmark, usually a government bond yield curve. Set the bond's yield to maturity as the benchmark yield plus a credit spread appropriate to its credit rating
Bond_valuation
Measurement of risk in a portfolio
example, include the overall level of the yield curve, the slope of the yield curve, and the credit spreads of the bonds in the portfolio. A portfolio
Fixed-income_attribution
Professional credential offered by the CFA Institute
debt securities, the risk associated with these, and valuations and yield spreads. The curriculum includes coverage of the fundamental framework of derivatives
Chartered_Financial_Analyst
Gross spread refers to the fees that underwriters receive for arranging and underwriting an offering of debt or equity securities. The gross spread for
Gross_spread
Stock in an unlisted private company
high yield and leveraged loan markets with few issuers accessing the market. Uncertain market conditions led to a significant widening of yield spreads, which
Private_equity
Acquisition of a company using a significant proportion of borrowed money
high yield and leveraged loan markets with only few issuers accessing the market. Uncertain market conditions led to a significant widening of yield spreads
Leveraged_buyout
Income return on an investment expressed as a percentage of its value
In finance, the yield on a security is a measure of the ex-ante return to a holder of the security. It is one component of return on an investment, the
Yield_(finance)
Treasury basis trading: bond and futures arbitrage strategy
large losses. In times of market stress—such as sharp movements in Treasury yields or tightening repo conditions—forced unwinds of basis trades can exacerbate
Treasury_basis_trade
Mass acquisition of low-quality corporate bonds by investors in the late 2010s and 2020
swamp the high yield market as it would double the size of the below investment grade bond market. That alone would widen [yield] spreads even without the
Corporate_debt_bubble
Sum paid for the use of money
r is the real interest expected π is the inflation expected and c is yield spread according to the perceived credit risk. Default interest is the rate
Interest
Type of hybrid security
the option to exchange adds value to an investor. Yield on an exchangeable bond is lower than the yield on a straight bond. "Successful placement by KfW
Exchangeable_bond
Species of flowering plant with edible seeds
itself. Plant yield is also affected by a combination of phosphorus nutrition and water supply, resulting in a 12% increase in crop yield. Nitrogen nutrition
Chickpea
Response if an optical system to a point source of light
The point spread function (PSF) describes the response of a focused optical imaging system to an idealized point source of light. In casual terms, for
Point_spread_function
Banking regulation framework
Banks must conduct stress tests that include scenarios of widening yield spreads in recessions. Stronger provisioning practices (forward-looking provisioning):
Basel_III
Multi-year debt crisis in multiple EU countries, 2009–2010
sharply, a crisis of confidence has emerged with the widening of bond yield spreads and risk insurance on CDS between these countries and other EU member
Euro_area_crisis
Transfers between the Old and New Worlds
for a limited time yields were somewhat higher in the new regions to which they were introduced, a form of ecological release or "yield honeymoon". However
Columbian_exchange
Statistic about an economic activity
six financial indicators such as yield spreads, loan survey information and investor sentiment Interest rate spread (10-year Treasury vs. Federal Funds
Economic_indicator
Genus of grass cultivated for grain
majority of carbohydrate in the grain; their condition is critical for crop yield. Wheat is unusual in having more stomata on the upper (adaxial) side of
Wheat
Uncommon means of buying property
from a private lender, as the hard money lender may also be collecting yield spread. The hard money lender will also charge points of 3% to 6% or more. These
Creative_financing
A crush spread is a commodity trading strategy in which the trader takes a long position in soybean futures against short positions in soybean meal futures
Crush_spread
Arbitrage exploiting differing interest rates
The swap spread is the yield to maturity on the Treasury bond minus the fixed-rate of the swap. Swap Spread = Yield to Maturity of Swap – Yield to Maturity
Fixed_income_arbitrage
Monetary policy tool
deflationary spirals in 2013–2014, and prevented the widening of bond yield spreads between member states. QE also helped reduce bank lending cost. However
Quantitative_easing
This led to a crisis of confidence, indicated by a widening of bond yield spreads and risk insurance on credit default swaps compared to other countries
History_of_modern_Greece
government bonds. The program's introduction came after a widening yield spreads throughout the eurozone's periphery causing the crisis to escalate.
The Intervention of ECB in the Eurozone Crisis
The_Intervention_of_ECB_in_the_Eurozone_Crisis
Agricultural developments in 1950s–1960s
increase in crop yields. These changes in agriculture initially emerged in developed countries in the early 20th century and subsequently spread globally until
Green_Revolution
Most powerful nuclear weapon ever tested
Tested on 30 October 1961, the test verified new design principles for high-yield thermonuclear charges, allowing nuclear explosives "of practically unlimited
Tsar_Bomba
Manufacturing process used to create integrated circuits
announced an average yield of ~80%, with a peak yield per wafer of >90% for their 5nm test chips with a die size of 17.92 mm2. The yield went down to 32%
Semiconductor device fabrication
Semiconductor_device_fabrication
American business
similar grounds. A third class action concerning NovaStar's charging of yield spread premium fees, fees paid by the lender to the broker which has come under
Novation_Companies
bailouts, a crisis of confidence has emerged with the widening of bond yield spreads and risk insurance on credit default swaps between these countries and
2000s European sovereign debt crisis timeline
2000s_European_sovereign_debt_crisis_timeline
Overview of finance and finance-related topics
valuation § Relative price approach Yield spread I-spread Option-adjusted spread Z-spread Asset swap spread Credit spread (bond) Bond credit rating Altman
Outline_of_finance
Type of financial risk
Raviv, Alon (2016). "How much can illiquidity affect corporate debt yield spread?". Journal of Financial Stability. 25: 58–69. doi:10.1016/j.jfs.2016
Liquidity_risk
Geological process at mid-ocean ridges
Seafloor spreading, or seafloor spread, is a process that occurs at mid-ocean ridges, where new oceanic crust is formed through volcanic activity and
Seafloor_spreading
balance. These payments on interest leave the principal balance unchanged. Yield spread premium A par rate is the lowest interest rate a borrower qualifies for
Glossary of US mortgage terminology
Glossary_of_US_mortgage_terminology
Venom and aggression rankings
The maximum venom yield is approximately 1000 mg (dry weight). The king cobra has a fearsome reputation. When annoyed, it spreads a narrow hood and growls
List_of_dangerous_snakes
Amortization method
will also increase the borrower's interest rate, but will improve the yield spread premium which the loan originator may receive as compensation from the
Negative_amortization
Type of root vegetable
America. They were grown for their greens as well as the roots, and could yield edible greens within a few weeks of planting, making them a staple of new
Turnip
Phenomenon caused by defective LED streetlights
documented official explanations and replacement programs. By 2022, reports had spread to at least 30 states according to USA Today coverage. The LED Systems Reliability
2020s purpling of streetlights
2020s_purpling_of_streetlights
(about 20%) increases in yield per unit area. After 1955 however, there was a ten-fold increase in the rate of wheat yield improvement per year, and
History_of_wheat
19th-century expansionist belief in the U.S.
Anglo-Saxonism, and nascent ideas of white chauvinism, implying the inevitable spread of republicanism and the American way. It is one of the earliest expressions
Manifest_destiny
a 2010 budget deficit of 7% GDP. By 16 November 2011, France's bond yield spreads vs. Germany had widened 450% since July 2011. France's C.D.S. contract
European debt crisis contagion
European_debt_crisis_contagion
Percentage of a sum of money charged for its use
bank rate, base rate, discount rate, coupon rate, repo rate, prime rate, yield to maturity, and internal rate of return. The nominal interest rate is the
Interest_rate
Uncontrolled fire in forests or open spaces
demonstrated that the chemical composition of PM2.5 from wildfire smoke can yield different estimates of human health outcomes as compared to other sources
Wildfire
Viral disease of cereals
leaves, reduced root growth, delayed (or no) heading, and a reduction in yield. The heads of affected plants tend to remain erect and become black and
Barley_yellow_dwarf
Starchy tuber used as a staple food
average yield was 17.4 tonnes per hectare (7.8 short tons per acre). The United States was the most productive country, with a nationwide average yield of
Potato
2-stage nuclear weapon
using nuclear fusion. The most destructive weapons ever created, their yields typically exceed first-generation nuclear weapons by twenty times, with
Thermonuclear_weapon
performing economies moving further away and becoming a default risk, bond yield spreads between Germany and the weakest economies decreased easing the strain
History_of_the_euro
Type of investment
redemption yield of 5% per annum and 30 year US Treasury Bonds have a gross redemption yield of 3% per annum (referred to as the risk free yield), the credit
Fixed_income
German economist
research results on the impact of media coverage on the government bond yield spreads during the European debt crisis, his research on the impact of media
Tobias_Thomas
Term in business
An asset swap is the swap of a fixed investment, like a bond that will yield guaranteed coupon payments, for a floating investment, i.e. an index. It
Asset_swap
Social networking service owned by Meta Platforms
this proof-of-concept, they searched for Fowler's name using NA, which yielded his photo as a search result. In addition, Jadali discovered Fowler's Washington
YIELD SPREAD
YIELD SPREAD
Boy/Male
British, English
Field Town
Boy/Male
Anglo, British, English
Field with Ferns; Fern Field
Girl/Female
Hebrew
Flowering field.
Boy/Male
English
Fern field.
Boy/Male
English
In the field.
Girl/Female
Japanese American
Valley field.
Girl/Female
Indian
Hay field
Boy/Male
English
Fern field.
Surname or Lastname
English
English : topographic name for someone who lived on land which had been cleared of forest, but not brought into cultivation, from Old English feld ‘pasture’, ‘open country’, as opposed on the one hand to æcer ‘cultivated soil’, ‘enclosed land’ (see Acker) and on the other to weald ‘wooded land’, ‘forest’ (see Wald).Possibly also Scottish or Irish : reduced form of McField (see McPhail).Jewish (American) : Americanized and shortened form of any of the many Jewish surnames containing Feld.
Boy/Male
Australian, British, English
A Field
Girl/Female
Hebrew
Flowering field.
Boy/Male
African, American, Anglo, Australian, British, Christian, English, Jamaican
Battlefield; Spear Field; Triangular Field
Boy/Male
British, English
Fern Field
Boy/Male
Anglo, British, English
Field with Ferns; Fern Field
Boy/Male
English
Pasture; field.
Boy/Male
British, English
Fern Field
Boy/Male
English
Pasture; field.
Boy/Male
British, English
Field Town
Boy/Male
English
Gathering field; meeting field.
Girl/Female
Tamil
Hay field
YIELD SPREAD
YIELD SPREAD
Male
Russian
(Самуил) Bulgarian and Russian form of Greek Samouel, SAMUIL means "heard of God," "his name is El," or "name of God."
Boy/Male
African, American, Australian, Bengali, British, Chinese, Christian, Danish, Dutch, English, Finnish, French, German, Hawaiian, Hebrew, Indian, Irish, Jamaican, Japanese, Portuguese, Swedish, Swiss
Born of the Right Hand; Son of the One who Loves Horses
Boy/Male
Hindu
God Shankar, Lord Shiva
Boy/Male
German
Blessed
Female
Native American
Native American Mapuche name SAYEN means "lovely."
Boy/Male
Hindu, Indian
House
Boy/Male
American, Anglo, British, Christian, Dutch, English, French, German, Netherlands, Teutonic
Brave; Highborn and Courageous; Noble and Steadfast
Boy/Male
Indian
Lord Brahama
Boy/Male
Muslim
Table companion. Associate.
Surname or Lastname
English (Cornwall)
English (Cornwall) : variant spelling of Jago.
YIELD SPREAD
YIELD SPREAD
YIELD SPREAD
YIELD SPREAD
YIELD SPREAD
v. i.
To stand out in the field, ready to catch, stop, or throw the ball.
v. i.
To give place, as inferior in rank or excellence; as, they will yield to us in nothing.
v. i.
To give up the contest; to submit; to surrender; to succumb.
v. t.
To admit to be true; to concede; to allow.
v. i.
To take the field.
v. t.
To use with full command or power, as a thing not too heavy for the holder; to manage; to handle; hence, to use or employ; as, to wield a sword; to wield the scepter.
v. t.
To permit; to grant; as, to yield passage.
v. t.
To give in return for labor expended; to produce, as payment or interest on what is expended or invested; to pay; as, money at interest yields six or seven per cent.
p. pr. & vb. n.
of Yield
v. i.
To give way; to cease opposition; to be no longer a hindrance or an obstacle; as, men readily yield to the current of opinion, or to customs; the door yielded.
v. t.
To give a reward to; to bless.
v. t.
To furnish; to afford; to render; to give forth.
v. i.
To comply with; to assent; as, I yielded to his request.
v. t.
To give up, as something that is claimed or demanded; to make over to one who has a claim or right; to resign; to surrender; to relinquish; as a city, an opinion, etc.
imp. & p. p.
of Yield
obs. p. p.
of Yield
n.
To yield fruit.
n.
The whole surface of an escutcheon; also, so much of it is shown unconcealed by the different bearings upon it. See Illust. of Fess, where the field is represented as gules (red), while the fess is argent (silver).
n.
Amount yielded; product; -- applied especially to products resulting from growth or cultivation.
v. i.
To yield harvest.